Frontier Market in cambodia
Besides Leopard, at least two other private equity funds have been established to capitalize on Cambodia as a frontier market. Cambodia is outpacing Asia's other frontier markets in Bangladesh, Laos, Mongolia and Myanmar, says Clayton. Cambodia is represented by just one company in the S&P/IFCG Extended Frontier 150 Index.
Marvin Yeo and Kim-Song Tan, co-founders of Phnom Penh-based Cambodia Investment & Development Fund, say they noticed the buzz when they visited the capital city in May 2007 to deliver speeches to senior government officials on how to develop capital markets.
Indeed, the streets of Phnom Penh are filled with traffic and roadside vendors who sell everything from motorbikes and household goods to tropical fruits and local snacks. Multistory office buildings, residential towers and bridges are under construction. From 2004 to '07, the number of cars in Cambodia doubled to 200,000, according to figures from the Ministry of Public Works and Transport.
Marvin Yeo and Kim-Song Tan, co-founders of Phnom Penh-based Cambodia Investment & Development Fund, say they noticed the buzz when they visited the capital city in May 2007 to deliver speeches to senior government officials on how to develop capital markets.
Indeed, the streets of Phnom Penh are filled with traffic and roadside vendors who sell everything from motorbikes and household goods to tropical fruits and local snacks. Multistory office buildings, residential towers and bridges are under construction. From 2004 to '07, the number of cars in Cambodia doubled to 200,000, according to figures from the Ministry of Public Works and Transport.
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